Bill Wexler's Dog Pound Message Board

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Non-Tech : Bill Wexler's Dog Pound

REFR 1.847

-1.2%

Nov 14 9:30 AM EST

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To: lindend who wrote (1449)	6/21/1999 5:57:00 PM
From: RockyBalboa	Read Replies (1) of 10293

Fidelity's maintenance requirements based on the share price are listed below: $17 or more: 30% of market value Between $5 and $17: $5 per share $5 or less: 100% of market value or $2.50 per share, whichever is greater This is the same rule (for maintenance margin) as Datek applies! How come? Also Datek counts the proceeds from short sale not into buying power: They add the proceeds to the real cash, and then subtract the margin requirement (150% or more of the market value) from the real cash. This gives you exactly zero additional buying power (in the case the short position has zero profit).

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